Russian Ministry Mulls Even Export Duties For Light, Heavy Products

The Russian Ministry of Economic DEvelopment has submitted a draft proposal to the government which would equalize the export duties on light and heavy products, Economic Development Minister Elvira Nabiullina said according a report by to PravoTEK.

Nabiullina said that under her ministry's initiative, the duty on thse goods should be 60 percent of the duty on crude by 2013.

The minister also confirmed information published in a number o media outlets that the ministry plans to establish duties on light products at 64 percent of the duty on crude by 2012 and 52.90 percent on heavy products.

Miinstry officials are furthermore discussing raising the average duty on oil products to 85 to 90 percent of the duty on crude beyond the borders of the customs union while removing duties on oil products within the union.

It is being suggested that Belarus will transfer all duties from Belarusian oil product export to the Russian budget in full. FinAm reports.


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